No One Is Coming to Save You. It's Both Freeing and Scary
philliphhughes.substack.com
philliphhughes.substack.com
From November onwards, it is going to get alot worse for UK businesses.
For anyone else thinking about building a UK startup today, this is what you will get in return:
> Your friends and family want the best for you. Well, in most cases, as long as you aren’t doing better than them.
This is called "tall poppy syndrome". [0]
> And will steal as much money from your back pocket as they can.
If you are making £125K+ as an employee, you will lose half of it. As a business, that tax rate is only going up and you will lose more money.
Finally, little to no funding or any VCs willing to fund you in the UK.